APD vs. CRS: Air Products and Chemicals vs. Carpenter Stock Comparison
How do Air Products and Chemicals (APD) and Carpenter (CRS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Air Products and Chemicals (APD) and Carpenter (CRS) both fall under the Materials industry group, but APD is classified in Chemicals while CRS is classified in Metals & Mining.
| Profile Item | APD | CRS |
|---|---|---|
| Name | Air Products and Chemicals Inc. | Carpenter Technology Corporation |
| Country/Region | United States | United States |
| GICS Sector | Materials | Materials |
| GICS Industry Group | Materials | Materials |
| GICS Industry | Chemicals | Metals & Mining |
| GICS Sub-Industry | Industrial Gases | Steel |
| Market Capitalization | 67.88 billion USD | 13.79 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | February 21, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | APD | CRS |
|---|---|---|
| Total Return (1Y) | 23.26% | -8.47% |
| Total Return (3Y, Annualized) | 8.49% | 66.22% |
| Total Return (5Y, Annualized) | 2.43% | 56.37% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Carpenter (CRS) has an aggressive beta of 1.39, indicating higher sensitivity to broad-market moves, while Air Products and Chemicals (APD) is defensive at 0.67 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.
| Metric | APD | CRS |
|---|---|---|
| Volatility (1Y, Annualized) | 25.21% | 49.01% |
| Beta (5Y) | 0.67 | 1.39 |
| Max Drawdown (5Y) | -31.77% | -55.01% |
| Avg. Volume (3M) | 1.06M | 913.10K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | APD | CRS |
|---|---|---|
| Sharpe Ratio (1Y) | 0.75 | -0.26 |
| Sortino Ratio (1Y) | 1.14 | -0.36 |
Profitability
ROE (TTM)
Carpenter (CRS) at 27.84% sits in the top ROE quartile, while Air Products and Chemicals (APD) at 3.19% is closer to the peer norm — stronger capital efficiency for CRS.
APD
Materials industry group
3.19%
- Max
- 52.88%
- Q3
- 19.49%
- Median
- 8.76%
- APD
- 3.19%
- Q1
- -3.41%
- Min
- -32.81%
CRS
Materials industry group
27.84%
- Max
- 52.88%
- CRS
- 27.84%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
Net Margin (TTM)
Carpenter (CRS) at 17.87% retains a top-quartile share of revenue as profit, ahead of Air Products and Chemicals (APD) at 4.10%, which keeps about the industry-typical share.
APD
Materials industry group
4.10%
- Max
- 38.66%
- Q3
- 15.98%
- Median
- 5.28%
- APD
- 4.10%
- Q1
- 0.00%
- Min
- -20.40%
CRS
Materials industry group
17.87%
- Max
- 38.66%
- CRS
- 17.87%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
Operating Margin (TTM)
Both Air Products and Chemicals (APD) at 17.68% and Carpenter (CRS) at 24.69% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
APD
Materials industry group
17.68%
- Max
- 66.70%
- Q3
- 28.92%
- APD
- 17.68%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
CRS
Materials industry group
24.69%
- Max
- 66.70%
- Q3
- 28.92%
- CRS
- 24.69%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
Profitability Metrics
| Metric | APD | CRS |
|---|---|---|
| ROE (TTM) | 3.19% | 27.84% |
| ROA (TTM) | 4.80% | 12.96% |
| Net Margin (TTM) | 4.10% | 17.87% |
| Operating Margin (TTM) | 17.68% | 24.69% |
| Gross Margin (TTM) | 31.58% | 31.22% |
Growth
Revenue Growth
Carpenter (CRS) at 8.59% is around its peer norm for revenue growth, while Air Products and Chemicals (APD) at -0.52% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Carpenter (CRS) at 41.78% is around its peer norm for EPS growth, while Air Products and Chemicals (APD) at -110.30% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | APD | CRS |
|---|---|---|
| Revenue Growth (YoY) | -0.52% | 8.59% |
| Revenue Growth (3Y CAGR) | -1.77% | 7.00% |
| EPS Growth (YoY) | -110.30% | 41.78% |
| EPS Growth (3Y CAGR) | -- | 109.75% |
Financial Strength
Current Ratio (MRQ)
Carpenter (CRS) at 3.94 carries current ratio above its industry’s typical mid-range, while Air Products and Chemicals (APD) at 1.07 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
APD
Materials industry group
1.07
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- Q1
- 1.45
- APD
- 1.07
- Min
- 0.16
CRS
Materials industry group
3.94
- Max
- 5.96
- CRS
- 3.94
- Q3
- 3.30
- Median
- 2.24
- Q1
- 1.45
- Min
- 0.16
Debt / Equity (MRQ)
Carpenter (CRS) at 0.32 carries an industry-typical debt-to-equity mix, while Air Products and Chemicals (APD) at 1.06 uses more debt funding than most peers.
APD
Materials industry group
1.06
- Max
- 1.98
- APD
- 1.06
- Q3
- 0.89
- Median
- 0.47
- Q1
- 0.13
- Min
- 0.00
CRS
Materials industry group
0.32
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- CRS
- 0.32
- Q1
- 0.13
- Min
- 0.00
Financial Strength Metrics
| Metric | APD | CRS |
|---|---|---|
| Current Ratio (MRQ) | 1.07 | 3.94 |
| Debt / Equity (MRQ) | 1.06 | 0.32 |
| Net Debt / EBITDA | 3.61 | 0.62 |
Dividends
Dividend Yield (TTM)
Air Products and Chemicals (APD) at 2.33% delivers top-quartile income for its industry, while Carpenter (CRS) at 0.29% pays a more typical yield — both are credible income propositions, APD the richer one.
APD
Materials industry group
2.33%
- Max
- 4.52%
- APD
- 2.33%
- Q3
- 1.85%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
CRS
Materials industry group
0.29%
- Max
- 4.52%
- Q3
- 1.85%
- Median
- 0.38%
- CRS
- 0.29%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Carpenter (CRS) at 7.05% pays out a band-typical share of earnings, while Air Products and Chemicals (APD) at 75.66% distributes more than its industry norm — less retained, thinner cover.
APD
Materials industry group
75.66%
- Max
- 83.62%
- APD
- 75.66%
- Q3
- 41.37%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
CRS
Materials industry group
7.05%
- Max
- 83.62%
- Q3
- 41.37%
- Median
- 9.54%
- CRS
- 7.05%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | APD | CRS |
|---|---|---|
| Dividend Yield (TTM) | 2.33% | 0.29% |
| Dividend Payout Ratio (TTM) | 75.66% | 7.05% |
Valuation
P/E Ratio (TTM)
Carpenter (CRS) at 24.54 is near its industry’s usual P/E ratio, while Air Products and Chemicals (APD) at 127.55 sits above its peer range — an unusually expensive price for APD’s trailing earnings.
APD
Materials industry group
127.55
- APD
- 127.55
- Max
- 59.00
- Q3
- 32.93
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
CRS
Materials industry group
24.54
- Max
- 59.00
- Q3
- 32.93
- CRS
- 24.54
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
P/S Ratio (TTM)
Carpenter (CRS) at 4.32 is priced about in line with its industry on P/S ratio, while Air Products and Chemicals (APD) at 5.23 sits in the pricier quartile — APD costs more per dollar of sales.
APD
Materials industry group
5.23
- Max
- 9.62
- APD
- 5.23
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
CRS
Materials industry group
4.32
- Max
- 9.62
- Q3
- 4.34
- CRS
- 4.32
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
P/B Ratio (MRQ)
Both Air Products and Chemicals (APD) at 4.76 and Carpenter (CRS) at 6.32 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.
APD
Materials industry group
4.76
- Max
- 6.59
- APD
- 4.76
- Q3
- 3.55
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
CRS
Materials industry group
6.32
- Max
- 6.59
- CRS
- 6.32
- Q3
- 3.55
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
Valuation Metrics
| Metric | APD | CRS |
|---|---|---|
| P/E Ratio (TTM) | 127.55 | 24.54 |
| P/S Ratio (TTM) | 5.23 | 4.32 |
| P/B Ratio (MRQ) | 4.76 | 6.32 |
| Free Cash Flow Yield (TTM) | -0.28% | 1.54% |